On December 6th President Obama announced an agreement with Congressional Republicans on a two-year extension of the Bush tax rates and the extension of several other tax cuts. However, the House Democratic Caucus announced on December 9th that they would not support the tax cuts. Here are terms of the proposed Obama - GOP agreement.
On November 26th the Internal Revenue Service issued Notice 2010-84, providing guidance under Section 402A(c)(4) relating to rollovers from Section 401(k) to designated Roth accounts in the same plan.
For millions of Americans, the personal savings and investments component of our income consists largely of Individual Retirement Accounts (IRA).